cyber security News

Airbus and Atos to Create Cyber Security Products for Insurers, Other Industries

Airbus Group SE’s Defence and Space will team with digital services provider Atos SE to develop products designed to counteract cyber attacks on companies and their supply chains. The partnership will address industries including banking and insurance as well as …

Allianz Teams with Volkswagen, Bayer and BASF in Anti-Hacking Venture

The German car giant that gave the world the Beetle may soon help you fend off cyber criminals. Volkswagen AG teamed with insurer Allianz SE, medical company Bayer AG and chemicals producer BASF SE to sell information-technology security services to …

Cyber Attacks Bring New Clients – Including Insurers – to Defense Firms

A broadening wave of cyber attacks is drumming up new clients for defense companies as anxiety about the loss of sensitive data spreads from military chiefs to company bosses. Banks, utilities and media groups are the new customers of defense …

Hackers Target Data of Catholic Workers in Michigan

Hackers cracked a computer network and got access to Social Security numbers and other personal information of more than 10,000 people who work for Roman Catholic churches or church affiliates around Michigan. “I cannot tell you how many prayers have …

Zurich Launches Management Liability Offering for SMEs in Australia

Zurich is launching a new management liability offering, specifically designed to protect small to medium enterprises (SMEs) in Australia, with turnovers up to AUD$50 million. The new product will be provided via “Z.stream,” the company’s electronic broking system. Z.stream* already …

UK’s Allianz Insurance Partners with Pentura to Provide Cyber Risk Services

Allianz Insurance has joined forces with cyber risk management company, Pentura, to provide commercial customers with help and guidance to improve cyber security. As part of the partnership, Pentura, which is based in Reading, England, will provide Allianz Commercial policyholders …

CFC Partners With Cyber Security Ratings Firm to Evaluate Insureds’ Cyber Risk

Specialist lines underwriting agency CFC has formed a partnership with cyber security ratings agency, BitSight Technologies. CFC will use BitSight’s ratings tool to provide insight into the cyber threats that their clients face. Ratings are calculated on a daily basis …

China’s Draft Cyber Security Law Worries Multinationals, Internet Providers

China’s parliament has published a draft cyber security law that consolidates Beijing’s control over data, with potentially significant consequences for internet service providers and multinational firms doing business in the country. The document, dated Monday but picked up by state …

Friday Afternoon Scam Cost Hedge Fund $1.2 Million – and CFO’s Job

The finance chief at Fortelus Capital Management LLP got an alarming phone call just as he was getting ready to leave work on a Friday. The caller said he was from Coutts, the London-based hedge fund’s bank, and warned there …

Mobile App Data Flaw Leaves ‘Billions’ of Records at Risk: Security Researchers

Security researchers have uncovered a flaw in the way thousands of popular mobile applications store data online, leaving users’ personal information, including passwords, addresses, door codes and location data, vulnerable to hackers. The team of German researchers found 56 million …